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but ryan has an entirely different political persona. he's very much a policy geek, he's very much on top of substance. and so i think that's not going to be easy for biden to do. one analog that might be useful is dick cheney and john edwards in 2004 when john kerry had built momentum against george w. bush and dick cheney sat down with john edwards and kind of portrayed him as a light weight who hasn't been around, who missed a lot of votes. cheney projected some sgchlt ravitas and did george bush a virs. and president obama is hoping joe biden can do that for him tonight. >> i was wondering if you're going to ask that question, are you ready if something god forbid were to happen, a heartbeat away, do you make that point with paul ryan when the republican caricature of biden keeps pointing that out? this guy is heartbeat away from the president? it depends which side of the aisle you're on as to who wins the argument. biden has been around a long time, but you don't need to be -- you can be a relative newcomer and be more prepared to
but ryan has an entirely different political persona. he's very much a policy geek, he's very much on top of substance. and so i think that's not going to be easy for biden to do. one analog that might be useful is dick cheney and john edwards in 2004 when john kerry had built momentum against george w. bush and dick cheney sat down with john edwards and kind of portrayed him as a light weight who hasn't been around, who missed a lot of votes. cheney projected some sgchlt ravitas and did george...
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both he and ryan have been, i think, five or six terms each. >> ryan in the house. >> right. >> he's in the house. but they've both had the same experience in terms of election. but 40 years of debating putting biden in somewhat of the driver's seat because of that. just because of his experience. >> we haven't seen him in five months on a tv network. on a national network. has not been an interview in five months. the last time he was on, he came out in favor of gay marriage and then the president had to -- >> he's saving himself. >> and there hasn't been a press briefing. a white house press briefing in 15 days because those can be on video. the gaggles you can't videotape and it's only people that are traveling with the president. credential guys can get into the other one, and there hasn't been one in 15 days. >> amazing. >> you wouldn't want to talk about anything in the last 15 days. >> exactly. talking about big bird and all that kind of stuff. but nothing about jobs and the economy really has come out of the white house. >> do you expect -- the debate last time around caught
both he and ryan have been, i think, five or six terms each. >> ryan in the house. >> right. >> he's in the house. but they've both had the same experience in terms of election. but 40 years of debating putting biden in somewhat of the driver's seat because of that. just because of his experience. >> we haven't seen him in five months on a tv network. on a national network. has not been an interview in five months. the last time he was on, he came out in favor of gay...
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here's what paul ryan actually said debating on libya. here it comes. >> our ambassador has a marine detachment guarding him. shouldn't we have a marine detachment guarding our ambassador in benghazi, a place that we knew there was an al qaeda cell with arms? this is becoming more troublesing by the day and now they're trying to blame the romney-ryan ticket for making this an issue. >> that last thing, blaming the romney-ryan ticket. i'll give the case to the defense to you, but i've got to say joe biden said the intelligence didn't tell them anything. the state department knew in real time that this had nothing to do with spontaneous protests about the video. that's point number one. point number two, biden said last night that he did not know or that there was no request from the state department for extra security in the benghazi consulate. the reality is, we have all learned, they made not one, not two, but five requests for additional security which were all turned down at the white house and the national security council. biden -- i
here's what paul ryan actually said debating on libya. here it comes. >> our ambassador has a marine detachment guarding him. shouldn't we have a marine detachment guarding our ambassador in benghazi, a place that we knew there was an al qaeda cell with arms? this is becoming more troublesing by the day and now they're trying to blame the romney-ryan ticket for making this an issue. >> that last thing, blaming the romney-ryan ticket. i'll give the case to the defense to you, but...
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budget, the ryan budget calls for across the board 20% tax cut but hear me out. it's not the tax cut i'm focusing on. when you cut taxes, or leave the bush tax cuts in place, et cetera, and get rid of regulations, that's supposed to generate growth in the economy. well, let the record show in the last six years a60 years our te years of job creation occurred when the marginal tax rate was over 50%. >> oh my god. >> of the top 20 and you can look that up, joe. >> i know, but -- >> we had the best -- >> same unemployment rate for the eight years of clinton as for the eight years of bush, 5.2, 5.3. >> but i'm looking at the last 60 years. >> right. >> cutting taxes and reducing regulations does not produce job growth. and the record backs it up. the record backs it up. >> but that's like talking in a vacuum without any of the external factors. >> not over 60 years. s acraze aas casey stengle saidn look it up. >> over 60 years the united states of america has always grown at about 3.2%. >> i'm talking about job creation. >> you can look it up. >> it is eloquent but t
budget, the ryan budget calls for across the board 20% tax cut but hear me out. it's not the tax cut i'm focusing on. when you cut taxes, or leave the bush tax cuts in place, et cetera, and get rid of regulations, that's supposed to generate growth in the economy. well, let the record show in the last six years a60 years our te years of job creation occurred when the marginal tax rate was over 50%. >> oh my god. >> of the top 20 and you can look that up, joe. >> i know, but --...
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one, his selection of paul ryan was a great boom to us. we really felt like all right he's really serious. he wants to put policy first, he wants to put political courage ahead of political convenience. he wants substance ahead of ceremony and then the other thing is, as we begin to focus on the extent to the facts that this government is broken, we have a dysfunctional congress, we need a president that can fulfill the harry truman commitment that the only power i have is the power to make a bunch of damned fools do what they ought to be doing anyway. we've got to have a president that forces congress to get serious and go to work and fixes the broken executive branch that's just run amuck with executive orders and all kinds of bureaucratic mandates and so forth, and so the managerial capabilities to reorganize this government and make it, in fact, once again a functional servant of the best interests of the american people rather than political agent of me and my party is something we now see in romney as of paramount importance and fran
one, his selection of paul ryan was a great boom to us. we really felt like all right he's really serious. he wants to put policy first, he wants to put political courage ahead of political convenience. he wants substance ahead of ceremony and then the other thing is, as we begin to focus on the extent to the facts that this government is broken, we have a dysfunctional congress, we need a president that can fulfill the harry truman commitment that the only power i have is the power to make a...
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look for paul ryan to go after president obama. expect joe booiden to say to pa ryan that your running mate is trying to obscure his positions. it will be an interesting night. >> all right. thank you, john. we'll be watching for sure. catch the debate here on cnbc beginning at 7:00 p.m. eastern time. the best analysis before and after the debate, especially in this election when economic issues are so important. plus, you can vote on cnbc.com on who you thought won the debate. plus, we have our patented feed showing you who is saying what throughout the night. so this is the place to be. >> i don't think we'll have to worry about energy from either one of these candidates tonight. >> oh, no. this is going to be good for sure. >>> meantime, an incredible exclusive look inside the financial industry today from our own steve liesman in his interview with goldman sachs chairman and ceo and the co-chairs of the national commission on fiscal responsibility. they have become brand names in an of themselves. alan simpson and erskine bowle
look for paul ryan to go after president obama. expect joe booiden to say to pa ryan that your running mate is trying to obscure his positions. it will be an interesting night. >> all right. thank you, john. we'll be watching for sure. catch the debate here on cnbc beginning at 7:00 p.m. eastern time. the best analysis before and after the debate, especially in this election when economic issues are so important. plus, you can vote on cnbc.com on who you thought won the debate. plus, we...
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>> i assume you mean ryan. >> i did mean ryan, i'm sorry. i take it all back. >> if ryan wants to show those abs, i'm sure the audience would love it. look, there are a couple of things. joe biden will be able to hold ryan's feet to the fire in a way that i don't think anyone else has. and we've heard some of that conversation earlier this evening on your program talking specifically about the budget, specifically about medicare and medicaid. when paul ryan has said previously, i don't have enough time to walk you through the number, i'm sure he'll be given plenty of time. and remember that biden had what i thought was one of the best moments of the debate season last cycle when he reminded sarah palin and our audience that he was a single father. he himself -- he raised his kids after he lost his wife and his daughter. so he's a good debater. >> look, i think joe biden is a really good man, by the way, personally. a really good man with a great story. but i know him personally and i think he's a really good man. but, kate, if biden tangles
>> i assume you mean ryan. >> i did mean ryan, i'm sorry. i take it all back. >> if ryan wants to show those abs, i'm sure the audience would love it. look, there are a couple of things. joe biden will be able to hold ryan's feet to the fire in a way that i don't think anyone else has. and we've heard some of that conversation earlier this evening on your program talking specifically about the budget, specifically about medicare and medicaid. when paul ryan has said...
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ryan is real start. if you start attacking him on taxes and medicare ryan will quietly and calmly rebut you. if ryan tries to pull the foreign policy string, he's going to have a hard time with the benghazi problem. everyone is talking about cover-ups and falsehoods and biden has not said a word to the press. he's going to get tied up in knots over benghazi. >> a story fresh in everyone's mind. governor john engler, currently head of the business round table. great to have you tonight. welcome? >> thank you, carl. >> the debate comes on a day where you've got lloyd blankfein, simpson and bowles, on national television, on cnbc, talking debt and deficit. that's got to be one of the key issues tonight? >> it should be. it's very important issue for the nation and you've got the president of the senate and vice president there and chairman of the house budget committee, we've got two people who have their positions well staked out, it ought to be a good conversation. >> governor engler, that could get diffi
ryan is real start. if you start attacking him on taxes and medicare ryan will quietly and calmly rebut you. if ryan tries to pull the foreign policy string, he's going to have a hard time with the benghazi problem. everyone is talking about cover-ups and falsehoods and biden has not said a word to the press. he's going to get tied up in knots over benghazi. >> a story fresh in everyone's mind. governor john engler, currently head of the business round table. great to have you tonight....
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next one from ryan -- is it time to get into home builders? he noticed a strong residential and commercial demand. >> i wouldn't be buying home builders right here. i think they're all overly extended. we like the suppliers. home depots, even the drif plays like wells fargo that owns 33% of the mortgage market. clearly the housing game is in play but not the toll brothers. go with the derivative plays. >> seema, thanks. >>> catch strapped state and local governments across america are increasingly betting on casinos to help raise revenue. which stocks are cashing in on that trend, we'll turn to cnbc's brian schactman live at ohio at the opening of the hollywood columbus casino. not a bad assignment for the day, brian. >> reporter: not bad, although i only get to watch right now. we got to wait until i get off the clock. this had is a huge deal for ohio. they get jobs, they get tax revenue and they have a casino on a property that was actually abandoned. the question we want to ask on "fast money," what's in it for pen national gaming, ticker p
next one from ryan -- is it time to get into home builders? he noticed a strong residential and commercial demand. >> i wouldn't be buying home builders right here. i think they're all overly extended. we like the suppliers. home depots, even the drif plays like wells fargo that owns 33% of the mortgage market. clearly the housing game is in play but not the toll brothers. go with the derivative plays. >> seema, thanks. >>> catch strapped state and local governments across...
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and ryan will do that. joe, i know joe very well but i tell you, the reason they savage ryan, he's dealing with the driver in the engine compartment that can wipe out america and that's health care. you -- that's the engine. it's on automatic pilot. and it will suck up every discretionary part of the budget unless you put the brakes on and that's why they -- >> senator, i want to interrupt you on that. it sound to me that you are not displeased from what you're hearing from your candidates right now. we all agreed at the beginning it was unbelievable they didn't bring up the deficit. paul ryan opposes your plan. >> i know it. >> he dissented. >> and so did the president. everybody opposed -- we pissed everyone in america. nobody's doing anything for us. >> at the risk of pissing you off, what would you say to them? >> tell them we have a leaderless government and he can lead. this gentleman can't govern. he's doing politics day and night. >> erskine bowles, same question to you. if had a chance to advise ob
and ryan will do that. joe, i know joe very well but i tell you, the reason they savage ryan, he's dealing with the driver in the engine compartment that can wipe out america and that's health care. you -- that's the engine. it's on automatic pilot. and it will suck up every discretionary part of the budget unless you put the brakes on and that's why they -- >> senator, i want to interrupt you on that. it sound to me that you are not displeased from what you're hearing from your...
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now this thursday on the 11th you've got paul ryan and vice president joe biden. this is going to be very important for obama's effort to stave off romney. then on the 16th you got the second obama-romney debate. on the 22nd final obama-romney debate. then the last friday before the election one more jobs number. my own inclination the job numbers aren't quite as "game change"ing for debates as for the reason voters know how they feel about the economy. they don't need a government report. it does get a lot of attention and we got a race that's plainly at this point even though obama still has a slight advantage in the battleground states this race can go either way. >> interesting. then we got the governor, of course, speaking at vmi about foreign policy, an area for which a little while he appeared to want to take the campaign, at least before the debate. how ground moving is this? >> reporter: i don't think it's very ground moving. it's not what people will vote on. for romney it's an effort to press a leadership advantage which may be one of the things that mo
now this thursday on the 11th you've got paul ryan and vice president joe biden. this is going to be very important for obama's effort to stave off romney. then on the 16th you got the second obama-romney debate. on the 22nd final obama-romney debate. then the last friday before the election one more jobs number. my own inclination the job numbers aren't quite as "game change"ing for debates as for the reason voters know how they feel about the economy. they don't need a government...
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paul ryan is a guy who comes from the heartland of america. he represents the values of middle income families all across this nation. he knows this budget better than anybody in congress. and he knows pro-growth economics. he knows how to get america back to work. and he knows how to quit spending money we don't have. listen, the people who know paul ryan, you're not going to find a guy who has a purer heart, a smarter intellect and a smaller ego. america is very much going to appreciate the paul ryan that they see tonight. >> we will -- you said he has no intellectual peer in congress. we'll see how that plays itself out tonight. congressman, good to see you. have fun. jeff hensarling joins us from danville, kentucky. >>> capital markets op-ed. gary kaminsky. man, has there been a lot of news about jpmorgan in the past 24 hours. >> there has been. i'm standing here with judge. he's prepping for his show. he takes the best notes. >> it's called organization. >> judge, stay with it. the news today about bronstein, the cfo. sell side analysting
paul ryan is a guy who comes from the heartland of america. he represents the values of middle income families all across this nation. he knows this budget better than anybody in congress. and he knows pro-growth economics. he knows how to get america back to work. and he knows how to quit spending money we don't have. listen, the people who know paul ryan, you're not going to find a guy who has a purer heart, a smarter intellect and a smaller ego. america is very much going to appreciate the...